Central Texas residents are feeling some relief at the pump, as average retail gasoline prices fell 10 cents per gallon statewide over the past week.
The price of regular unleaded gas in Texas averaged $3.31 per gallon on Sunday, compared to the national average that fell 9.6 cents per gallon the last week to $3.56 a gallon, according to gasoline price website, TexasGasPrices.com.
Gas prices in Killeen ranged from $3.18 to $3.29 Monday, according to the website, which tracks gas prices at more than 140,000 stations in the U.S. and Canada.
However, with Hurricane Sandy headed for the East Coast, stability in fuel prices is uncertain.
“There is very little to look back at history and compare this storm to,” said Patrick DeHaan, GasBuddy.com senior petroleum analyst, in a news release. It’s difficult to determine exactly how gasoline and diesel prices will be impacted.
John Gilmore, owner of Killeen fuel wholesaler Big Chief Distributing Co., said it’s hard to say what the price of crude oil will be nationwide, due to refineries possibly shutting down because of the storm.
However, other than the price of gas, local supplies will not be affected by the storm, he said. Most local gas stations get their oil from the Gulf of Mexico, not the area affected by the storm.
“Other than that one event, I would say that you can expect (gas prices) to stay down,” he said.